08 Nov CA treasurer pushes state-run bank for cannabis businesses
Posted at 17:33h in Briefs, california banking, California Medical Cannabis Business & Marijuana Legal News, john chiang, marijuana banking, MMJ Business Daily, Sales, Funding & Banking News 0 CommentsCalifornia’s state treasurer isn’t waiting on the federal government to solve marijuana businesses’ banking problem. Treasurer John Chiang and members of a working group he formed are calling on California officials to create a state-government-run bank to serve marijuana companies, the Los Angeles Times reported. The recommendation by Chiang’s group bolsters a growing movement that wants cities and states to create public banks for marijuana businesses. Here’s what you need to know:
- Over the course of the year, Chiang’s group heard from cannabis business owners about their banking challenges and difficulties paying taxes.
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